Bitcoin

ETF COIN

The likelihood of US regulators approving a wave of crypto exchange-traded funds (ETFs) is now a near certainty, signaling a continued pro-crypto shift at the Securities and Exchange Commission (SEC), according to Bloomberg analysts Erich Balchunas and James Seyffart.
In a social media post on Friday, Seffart said he and Balchunas have raised their odds for the vast majority of crypto ETF approvals to “90% or higher,” citing “very positive” engagement from the SEC.
The analysts also suggested that the SEC “likely” views cryptocurrencies such as Litecoin (<a href="https://cointelegraph.com/ltc-price-index" rel="noopener noreferrer nofollow">LTC</a>), Solana (<a href="https://cointelegraph.com/solana-price-index" rel="noopener noreferrer nofollow">SOL</a>), XRP (<a href="https://cointelegraph.com/xrp-price-index" rel="noopener noreferrer nofollow">XRP</a>), and Dogecoin (<a href="https://cointelegraph.com/doge-price-index" rel="noopener noreferrer nofollow">DOGE</a>) as commodities — a designation that would place them outside of its immediate jurisdiction.
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 <img src="https://s3.cointelegraph.com/uploads/2025-06/01978eb8-1f91-73bd-bf0e-790b97610a3d" title="" alt="US crypto ETF approval odds surge to ‘90% or higher’ — Bloomberg analysts">
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 Bloomberg analysts Eric Balchunas and James Seyffart believe it’s highly likely that several crypto ETFs will be approved. Source: <a href="https://x.com/JSeyff/status/1936117896347803748" rel="noopener noreferrer nofollow" target="https://x.com/JSeyff/status/1936117896347803748">James Seyffart</a>
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Seyffart noted that the timing of approvals and the launch of spot products remains unclear. He speculated the process could take several months and may extend beyond October.
Related: <a href="https://cointelegraph.com/news/etf-issuers-letter-urging-sec-return-first-file-approvals" rel="noopener noreferrer nofollow">ETF issuers pen letter urging SEC return to ‘first-to-file’ approvals</a>
<h2 id="strong-success-of-bitcoin-etfs-sparks-industry-race-to-list-altcoin-funds-strong">Success of Bitcoin ETFs sparks industry race to list altcoin funds</h2>
Asset managers are seeking to replicate the success of the spot Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>) ETFs, which <a href="https://cointelegraph.com/news/first-us-spot-bitcoin-etf-anniversary" rel="noopener noreferrer nofollow">saw demand far exceed expectations</a> in the first year, culminating in the most successful US ETF launch of all time.&nbsp;
BlackRock’s iShares Bitcoin Trust, which trades under the ticker IBIT, has been the most successful product. In June, it <a href="https://cointelegraph.com/news/blackrock-bitcoin-etf-fastest-70-billion-assets-under-management" rel="noopener noreferrer nofollow">surpassed $70 billion in assets</a> after recording 31 straight days of inflows. As Balchunas noted, IBIT reached that milestone in just 341 days.&nbsp;
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 <img alt="Bloomberg, SEC, ETF" src="https://s3.cointelegraph.com/uploads/2025-06/01978eb9-52cb-7330-8d9e-480fdce4ab2e" title="">
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 US spot Bitcoin ETF cumulative flows since launch. Source: <a href="https://farside.co.uk/btc/" rel="noopener noreferrer nofollow" target="https://farside.co.uk/btc/">Farside</a>
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However, Bitcoin’s success may be difficult to replicate, given the lukewarm demand for Ether (<a href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow">ETH</a>) ETFs since they launched last July.
Although <a href="https://cointelegraph.com/news/bitcoin-etfs-8-day-inflow-streak-middle-east-tension" rel="noopener noreferrer nofollow">ETF inflows have improved</a> in recent months, Glassnode reported that by May, the <a href="https://cointelegraph.com/news/ethereum-etf-investors-substantially-underwater-glassnode" rel="noopener noreferrer nofollow">average ETH ETF investor</a> remained “substantially underwater.”
While demand for other crypto assets could eventually outpace Ether, altcoins are unlikely to erode Bitcoin’s dominance in the ETF market anytime soon.
Nevertheless, investors are keeping a close eye on several proposals, such as <a href="https://cointelegraph.com/news/sec-franklin-templeton-solana-xrp-etf" rel="noopener noreferrer nofollow">Franklin Templeton’s XRP and SOL ETFs</a>, which were recently opened for public comments by the SEC.
Magazine: <a href="https://cointelegraph.com/magazine/bitcoiner-arthur-hayes-doesnt-care-btc-price-predictions-wrong/" rel="noopener noreferrer nofollow">Arthur Hayes doesn’t care when his Bitcoin predictions are totally wrong</a>

US crypto ETF approval odds surge to ‘90% or higher’ — Bloomberg analysts

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